Topstep profile details: key information about the company
A financial trading company called Topstep gives traders a chance to demonstrate their trading prowess and receive funding. The business offers traders access to the Topstep Combine, a digital platform where they can trade with digital money and show off their skills to place lucrative trades continuously. After passing the test, traders are qualified for a financed trade account with Topstep and the chance to engage in actual money trades. The company also offers traders risk management, educational, and mentorship assistance.
This Topstep Profile guide will help you know the general information about the company, its team, customer base, legal entities, products, and services offered.
Best Prop Trading FirmsWhat is Topstep?
Since its establishment in 2012, Topstep has been a prop trading company for futures. This proprietary trade company, formerly known as TopstepTrader, operates out of Chicago, USA. It has funded numbers of traders from over 160 nations, with whom it has dispersed tens of millions in gains.
Topstep's founder, Michael Patak, founded this organization believing everybody needs a reasonable trading system to realize their full potential. Topstep's founder, Michael Patak, founded this organization believing everybody needs a reasonable trading system to realize their complete potential.
Since April 12, 2022, once it stopped providing Forex to novel users, Topstep has focused completely and solely on the futures market and presently only provides funded accounts for a futures trade.
How to Get Funded for Trading Forex?Topstep general information
Michael Patak founded Topstep after realizing a gap in the industry due to his evaluation experience. Before trading with real money, he believes that traders are more likely to succeed when they are provided the chance to evaluate and refine their techniques, develop risk management skills, and feel confident. Topstep has been carrying out this precise strategy since 2012.
Contact information: Topstep business profile details
| Company Name | Topstep, LLC |
| Website | https://www.topstep.com |
| Contact Number | 888 407 1611 (Monday to Friday from 07:00 AM to 08:00 PM CT) |
| Whatsapp Hours | Monday to Friday from 08:00 AM to 05:00 PM CT |
| Address | Chicago Board of Trade Building, #4240, 141 W Jackson Blvd, Chicago, IL 60604 |
| https://www.facebook.com/TopstepOfficial | |
| YouTube | https://www.youtube.com/c/TopstepOfficial |
| https://www.instagram.com/topstepofficial/ | |
| https://www.linkedin.com/company/topstep | |
| Discord | Discord |
Enterprise history and synopsis
Michael Patak, a former floor trader at the Chicago Board of Trade for the Dow Jones pit, invented Topstep. After mangling out several retail brokerage accounts, Michael decided to take a step back and devote a little time to developing his technique. He was granted the chance to work for a Chicago-based proprietary trading company, wherein he worked for six months, getting assessed in a trading simulator. This experience, in his opinion, was the key to his subsequent trading success.
Recognition: Topstep profile details
Topstep has received recognition on numerous lists, including the following:
2016- 101 Best and Brightest Companies to Work For;
2016- Chicago Innovation Awards Finalist;
2016- FIA (Futures Industry Association) Innovator;
2017- Inc. Magazine ranked Topstep number one and 261 on its 36th annual Inc. 5000;
Michael Patak, Founder and CEO, was a semifinalist in 2015. In 2016, he was one of the contenders for the award, the Ernst & Young Entrepreneur of the Year.
Topstep has been mentioned in media, including CNBC, Forbes, Fox Business, Market Watch, and Barron's. Although the corporation is pleased with its accomplishments, it has always focused on the future.
Best Funded Trader Programs ComparedTopstep executive team: Topstep company profile
| Name | Designation | Functional Area | Joining Year |
|---|---|---|---|
| Michael Patak | CEO | Executive and Founder | |
| Eddie | Program Specialist | Operations | 2010 |
| Hoag | Performance Coach | Marketing | 2011 |
| Mick | Risk Manager | Operations | 2015 |
| Melissa | Risk and Compliance Specialist | Finance | 2015 |
| Nick | Trader Support Manager | Operations | 2016 |
| Anne | Head of People | People | 2016 |
| Kevin | Manager, Operations Integration | Operations | 2016 |
| Daniel | Manager of Compliance | Finance | 2017 |
| Matt | Manager of Funding | Operations | 2018 |
| James | Head of Operations | Operations | 2018 |
| Ryan | Product Manager | Product | 2019 |
| Jack | Sr. Content Strategy Manager | Marketing | 2019 |
| Nick | Social and Community Coordinator | Marketing | 2019 |
| Nina | Senior Trader Support Specialist | Operations | 2019 |
| John | Content Marketing Strategist | Marketing | 2019 |
| Danielle | Head of Marketing | Marketing | 2020 |
| Tim | Jr. Risk Manager | Operations | 2020 |
| Patrick | Integration Specialist | Operations | 2020 |
| Aisha | Team Lead | Operations | 2020 |
| Devin | Trader Support Specialist | Operations | 2021 |
| Nick | Web Developer | Technology | 2021 |
| Leslie | Senior Trader Support Specialist | Operations | 2021 |
| Dasha | QA Manager | Technology | 2021 |
| Holden | Video Producer | Marketing | 2021 |
| James | Senior Trader Support Specialist | Operations | 2021 |
| Grace | Marketing Automation Manager | Marketing | 2021 |
| James | Software Engineer | Technology | 2021 |
| Blake | Associate Product Manager | Product | 2022 |
| Robert | Trader Support Specialist | Operations | 2022 |
| Bonnie | Senior Accountant | Finance | 2022 |
| Abby | Graphic Designer | Marketing | 2022 |
| Noah | Pald Media Specialist | Marketing | 2022 |
| Md | QA Engineer | Technology | 2022 |
| Sarah | Chief of Staff | 2022 | |
| Casey | Head of Product | Product | 2022 |
| Natalie | Product Marketing Specialist | Marketing | 2022 |
| Vanessa | Funding Specialist | Operations | 2022 |
| Sarah | Trader Support Specialist | Operations | 2022 |
| Anthony | Partnership Manager | Growth Department | 2022 |
| Alyssa | Web Designer | Marketing | 2022 |
| Jenna | Trader Support Specialist | Operations | 2022 |
| Mike | Software Architect | Technology | 2022 |
| Britt | Senior Software Engineer | Technology | 2022 |
| Alyssa | People Operations Specialist | People | 2022 |
| Kristina | Trader Support Specialist | Operations | 2022 |
| Sarah | Trader Support Manager | Operations | 2022 |
| Shannon | Trader Support Specialist | Operations | 2022 |
| Ashley | Risk and Compliance Specialist | Finance | 2022 |
| Michele | Trader Support Specialist | Operations | 2022 |
| AJ | Trader Support Specialist | Operations | 2022 |
| Tomonique | Trader Support Specialist | Operations | 2022 |
| Brett Goodwin | Junior Risk Manager | Operations | 2022 |
Customer base
Topstep has a customer base from around the world, including U.S., Canada, etc. However, the regions with OFAC's Sanctioned Countries list are not eligible for trading through Topstep's platform.
Legal entities and regulation
No details about rules or licenses the company owned were discovered through our study. US financial regulations do not apply to the company.
Is Topstep Regulated? Is it safe?Overview of products
The Future products you can trade with Topstep's Combine (a Subset of CMR or Chicago Mercantile Exchange) include the following:
CME Equity Futures
CME Foreign Exchange Futures
CME Agricultural Futures
CME NYMEX Futures
CME CBOT Agricultural Futures
CME CBOT Equity Futures
CME CBOT Interest Rate/ Financial Futures
CME COMEX Futures
Topstep services
Trading platforms
A few of the trading platforms offered by Topstep include the following:
TS Trader: It is compatible with every mobile device and has no platform fees. USD 0.79 per contract is the commission in the funded account.
Ninja Trader: This platform is compatible with Windows with no platform fee in SIM and discounts in the funded account. The commission in the funded account is USD 0.53 per contract.
Trading View: It is compatible with every mobile device and has paid and free choices available. USD 0.79 per contract is the commission in the funded account.
The other accessible platforms are Bookmap X-Ray, CTS, Daytradr, Investor RT, MotiveWave, Multicharts, Order Flow Trading, R Trader Pro, Sierra Chat, Trade Navigator, and Volfix.net.
Best Forex Trading PlatformsTrading combine
The Trading Combine is a curriculum for futures traders that emphasize evaluation and experiential learning.
Funding account
With the new Express Funded Account, you can profit from trade without paying any extra costs. With this account, you can begin making money faster in only two working days while helping Topstep better regulate risk.
FAQs
What is the funding process of Topstep?
The funding process of Topstep is done in three simple steps:
Its measurement of the trader's profitability comes first.
The risk management of the trader is assessed in the second stage.
The trader receives a "Funded Account," which allows them to trade futures supported by the proprietary capital of Topstep after clearing these two procedures.
Which resources are provided by Topstep?
A wide range of resources for trader growth are available from Topstep, such as podcasts, blogs, live YouTube streams, digital coaching, and group coaching.
Does Topstep offer Forex trading?
As of April 2022, Topstep didn't provide Forex trading and discontinued its program.
Which trade does Topstep focus on?
Topstep primarily focuses on its futures program and requests traders to join it.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.